What is the average aggregate inventory value

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Reference no: EM132250707

Sapphire Aerospaco operates 52 weeks per year, and its cost of goods sold last year was $6,500,000. The firm carries eight items in inventory: four raw materials, two work-in-process items, and two finished goods. The table shows last year's average inventory levels for these items, along with their unit values.

Raw materials

RM-1 -- 20,000 -- $1

RM-2 -- 5,000 -- 5

RM-3 -- 3,000 -- 6

RM-4 -- 1,000 -- 8

Work-in-process

WIP-1 -- 6,000 -- 10

WIP-2 -- 8000 -- 12

Finished goods

FG-1 -- 1000 -- 65

FG-2 -- 500 -- 88

What is the average aggregate inventory value?

How many weeks of supply does the firm have?

What was the inventory turnover last year?

Reference no: EM132250707

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